About Sunwealth
Sunwealth is a company based in Somerville (United States) founded in 2015 by Jon Abe.. Sunwealth has raised $12 million across 4 funding rounds from investors including Reinvestment Fund and Calvert Impact. The company has 34 employees as of December 31, 2022. Sunwealth offers products and services including Solar Financing and Community Solar Program. Sunwealth operates in a competitive market with competitors including Clean Capital, Mosaic, Kafene, Clean Power Finance and Dividend Finance, among others.
- Headquarter Somerville, United States
- Employees 34 as on 31 Dec, 2022
- Founders Jon Abe
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Sectors
Financial ServicesTechnology Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Sunwealth Power, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Series A
Jan 14, 2025
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Investors
Reinvestment Fund
& 1 more
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Employee Count
34
as on Dec 31, 2022
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Products & Services of Sunwealth
Sunwealth offers a comprehensive portfolio of products and services, including Solar Financing and Community Solar Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides funding for solar project development and operations.
Offers solar solutions for community organizations and businesses.
Funding Insights of Sunwealth
Sunwealth has successfully raised a total of $12M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $2.0M
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First Round
First Round
(31 Oct 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - Sunwealth | Valuation |
investors |
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| Oct, 2023 | Amount | Series A - Sunwealth | Valuation |
investors |
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| May, 2021 | Amount | Debt – Conventional - Sunwealth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sunwealth
Sunwealth has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Reinvestment Fund and Calvert Impact. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Government-backed investments are directed toward social welfare initiatives.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sunwealth
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sunwealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sunwealth Comparisons
Competitors of Sunwealth
Sunwealth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clean Capital, Mosaic, Kafene, Clean Power Finance and Dividend Finance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for funding solar projects
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| domain | founded_year | HQ Location |
Residential solar financing is provided to homeowners for rooftop installations.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online lease-to-own platform.
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| domain | founded_year | HQ Location |
B2B platform for residential solar financing and software
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| domain | founded_year | HQ Location |
Online marketplace for green financing
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sunwealth
Frequently Asked Questions about Sunwealth
When was Sunwealth founded?
Sunwealth was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Sunwealth located?
Sunwealth is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Who is the current CEO of Sunwealth?
Jon Abe is the current CEO of Sunwealth. They have also founded this company.
Is Sunwealth a funded company?
Sunwealth is a funded company, having raised a total of $12M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.9M, raised on Oct 31, 2018.
How many employees does Sunwealth have?
As of Dec 31, 2022, the latest employee count at Sunwealth is 34.
What does Sunwealth do?
Sunwealth was founded in 2015 in Somerville, United States, and operates within the clean energy sector. Commercial solar projects are selected and presented on the platform for investment opportunities. Accredited and institutional investors are enabled to participate through direct purchases of bond and tax equity products. Crowdfunding mechanisms are utilized to facilitate these investments in renewable energy initiatives.
Who are the top competitors of Sunwealth?
Sunwealth's top competitors include Clean Capital, Mosaic and Clean Power Finance.
What products or services does Sunwealth offer?
Sunwealth offers Solar Financing and Community Solar Program.
Who are Sunwealth's investors?
Sunwealth has 2 investors. Key investors include Reinvestment Fund, and Calvert Impact.
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